SOX>NDX>SPX Leadership Chain Continues to Weaken

First off, I don’t like that the signals are coming on the back of an uproar in trade. I’d rather they engage under cover of a complacent or even sleepy market. But the signals are what they are so I report them to you. The SOX→NDX→SPX chain is breaking down on the front end. SOX/NDX ratio is dropping through the 200 day average today. We’ve … Continue reading SOX>NDX>SPX Leadership Chain Continues to Weaken